The Central Bank of the Dominican Republic (BCRD) has announced preliminary economic data for October 2024, revealing a robust 5.4% year-on-year expansion. This growth trajectory has propelled the country’s economy to an average of 5.1% expansion from January to October compared to the same period in 2023.
The Central Bank is bullish on the outlook for the Dominican Republic. It reports the country is well-positioned to maintain a robust growth trajectory, supported by strong macroeconomic fundamentals and the resilience of its productive sectors.
The Central Bank attributed this robust performance to a stable price environment, with annual inflation remaining well within the target range of 4.0% ± 1.0% at 3.16% in October. These outcomes are a testament to the effectiveness of both monetary and fiscal policies implemented to mitigate the risks posed by...
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